Bloomberg News is reporting that Iran is injecting large volumes of natural gas from the South Pars field to boost production from its aging oil fields, on the border between it and Iraq. “The country required 93 billion cub metres of gas for re-injection in 2014, but could only allocate 32 billion,” it says. “Gas used for crude production, together with domestic consumption of the fuel, is sapping volumes available for export.”
Bloomberg added that almost 50 per cent of Iran’s current production of natural gas was used by consumer’s in the country’s largest cities, while 21 per cent went for electricity generation, and 18 per cent for industrial and petrochemicals.
In February, 2017 Belarus bough 600,000 barrels of oil from the National Iranian Oil Company (NIOC), the first by Belarus after the international sanctions against Tehran were lifted in 2016. In mid-March a tanker carrying 80 thousand tons arrived in the port of Odessa and were destined for the Mozyr oil refinery.
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